Stifel initiates Rush Street Interactive stock with buy rating
Stifel initiated coverage on Rush Street Interactive Inc. (NYSE:RSI) with a Buy rating and a price target of $34.00, indicating significant upside potential. The firm sees RSI as the only publicly-listed U.S.-focused iCasino-led online gambling pure-play, citing stronger iCasino total addressable market growth, longer state expansion runway, better unit economics, more predictable cash flows, and lower disruption risk from emerging prediction markets as key drivers.
Stifel highlighted the company's strong iCasino operations, industry-leading monthly active user growth, and improved marketing efficiency since early 2025. Despite competition in U.S. iCasino intensifying and market share vulnerability, Stifel recommends a buying opportunity due to the stock's recent pullback and strong revenue growth of 34% over the last twelve months.
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